MGIC Investment (MTG) Tops Q4 EPS by 3c

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MGIC Investment Corporation Reports Fourth Quarter 2020 Results

February 23, 2021 4:56 PM EST

MILWAUKEE, Feb. 23, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2020. Net income for the quarter was $151.4 million, or $0.44 per diluted share, compared to net income of $177.1 million, or $0.49 per diluted share, for the fourth quarter of 2019.  Net income for the full year of 2020 was $446.1 million, or $1.29 per diluted share, compared to $673.8 million, or $1.85 per diluted share, for the full year of 2019.

Adjusted net operating income for the fourth quarter of 2020 was $149.5 million, or $0.43 per diluted share, compared to $176.1 million, or... More